The Role Responsibilities
Review level 2 AML alerts in line with the Trade AML Procedure document and Red Flag document
To escalate any positive alerts to country FCC for their review and decision
To ensure implementation of Trade AML policies in line with the procedures in vogue
To work with stakeholders (including Trade Product, Engineering, Group FCC, Group TB) to work on AML related issues.
To continuously provide input to stakeholders on improving the overall AML process including system related.
Review pre and post transaction alerts from an AML perspective via Trade AML
Ensure that appropriate systems, procedures and controls are in place in line with the existing policies and are operating efficiently for Trade
Ensure timely submissions of monthly MIS with respect to Trade AML alerts and reports to country / FCC
Ensure timely review and escalation of alerts via Trade AML System to country FCC / RFCIO
Coordinating Trade AML rollout across all markets in line with the group implementation plan
Coordinate IT initiatives / issues with respect to Trade AML system in use by Operations / AML Advisors
Coordinate BCP / DR testing in addition to taking appropriate measure for managing a crisis situation
Build skill and talent by undertaking local / international certifications relating to AML
Initiate and drive operational excellence activities.
Secure Acceptable’ audit ratings for the unit and ensure timely resolution of audit and AML risk related issues
Ensure the team complies with the organization ILDP program
Provide inputs to the training team on AML as required
Conduct regular connects with the Operations’ team in Trade, to share cases and new learning, if any.
Ensure low levels of attrition in the AML team.
Conduct regular skip levels with the staff in the team to ensure employee morale is high
To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.
Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and / or activities are ceased.
Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
Regulatory & Business conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Lead the FCSU to achieve the outcomes set out in the Bank’s Conduct Principles : Fair Outcomes for Clients; Effective Operation of Financial Markets;
Financial Crime Prevention; The Right Environment.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
People and talent
Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Project / change management
Review new business requirements and provide solutions where required.
FCC / RFCIO
Head of Trade Services and their management team
Timely reporting and escalation of significant AML related issues.
Satisfactory regulator examinations and audits effective control and monitoring of suspicious transactions.
Successful system implementation (minimal or no operational risk issues).
Compliance with Trade AML Policies and Procedures.
Embed Here for good and Group’s brand and values in FCSU,
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Interpretation of and consultations on AML related requirements
System implementation and enhancement
Audit and reviews
Our Ideal Candidate
Professional with a combination of Trade and AML knowledge
Effective collaborative skills that contribute to positive working relationships with counterparts across various stakeholders
Understanding of relevant Group, Trade AML policies and standards
Strong written and verbal communication skills.
An inquisitive approach to practices and procedures.
Personal authority and integrity.
Independence, resilience and good judgement